Bitcoin Price Targets Skyrocket as Wall Street Turns Bullish

Wall Street's outlook on Bitcoin has become increasingly bullish, according to Bernstein's senior analyst Gautam Chhugani. He expects BTC to reach $125,000 by the end of 2026 and rise to $150,000 by mid-2027.

In a more aggressive scenario, Bitcoin could potentially hit $300,000 in 2029 or even $500,000 that same year under their stronger bull case. By 2033, Bernstein projects BTC will reach $1 million.

The prediction is based on the growing influence of spot Bitcoin ETFs, institutional investors, and corporate buyers. Unlike previous cycles, where downturns often resulted in 75% to 90% crashes, recent drawdowns have been closer to 50%, indicating a stronger base during market corrections.